Thompson Siegel & Walmsley LLC Reduces Stock Holdings in Global Payments Inc. (NYSE:GPN)

Thompson Siegel & Walmsley LLC decreased its holdings in Global Payments Inc. (NYSE:GPN) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 629,514 shares of the business services provider’s stock after selling 20,795 shares during the quarter. Global Payments comprises approximately 1.1% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 29th biggest position. Thompson Siegel & Walmsley LLC’s holdings in Global Payments were worth $70,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Beaird Harris Wealth Management LLC purchased a new stake in Global Payments in the third quarter worth $25,000. Whipplewood Advisors LLC purchased a new stake in Global Payments in the fourth quarter worth $37,000. Quintet Private Bank Europe S.A. purchased a new position in Global Payments during the fourth quarter valued at $38,000. Manchester Capital Management LLC lifted its position in Global Payments by 177.5% during the fourth quarter. Manchester Capital Management LLC now owns 469 shares of the business services provider’s stock valued at $53,000 after buying an additional 300 shares during the period. Finally, LRI Investments LLC lifted its position in Global Payments by 94.4% during the third quarter. LRI Investments LLC now owns 517 shares of the business services provider’s stock valued at $53,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 89.76% of the company’s stock.

Global Payments Trading Down 0.3 %

Global Payments stock opened at $93.01 on Thursday. The business has a 50-day simple moving average of $106.81 and a two-hundred day simple moving average of $108.40. The company has a market cap of $23.03 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.86 and a beta of 1.04. Global Payments Inc. has a 52-week low of $90.99 and a 52-week high of $140.38. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.66.

Global Payments (NYSE:GPN) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.98 by ($0.14). Global Payments had a net margin of 15.54% and a return on equity of 12.21%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.31 billion. Analysts predict that Global Payments Inc. will post 11.89 EPS for the current year.

Global Payments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. Global Payments’s payout ratio is currently 16.18%.

Insider Buying and Selling

In other Global Payments news, Director Robert H. B. Baldwin, Jr. purchased 5,800 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $116.00 per share, with a total value of $672,800.00. Following the acquisition, the director now owns 42,738 shares in the company, valued at approximately $4,957,608. This trade represents a 15.70 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GPN has been the subject of several recent research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $122.00 price objective (down previously from $155.00) on shares of Global Payments in a research report on Thursday, January 9th. StockNews.com raised Global Payments from a “hold” rating to a “buy” rating in a research report on Thursday, January 23rd. Morgan Stanley reduced their price target on Global Payments from $166.00 to $163.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Citigroup reduced their price target on Global Payments from $138.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Stephens downgraded Global Payments from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $125.00 to $120.00 in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.33.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through two segments, Merchant Solutions and Issuer Solutions. The Merchant Solutions segment offers authorization, settlement and funding, customer support, chargeback resolution, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services.